Updated Oct 29, 2024
Man Global Private Markets Provides $34M Loan For Multifamily In Little Havana, Miami
736-760 Northwest 1st Street, Little Havana, Miami, FL, USA
$34,000,000
$212/SF
Building Size
160,000 SF
Asset Type
MultiFamily
Closing
Feb 23, 2020
About this deal
AI
A multifamily property located at 736-760 Southwest First Street in Little Havana has been involved in a recent transaction. The property consists of 194 units and spans across 160,000 square feet. The deal was closed on February 24, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $34,000,000
- Address: 736-760 Southwest First Street
- Market: Little Havana
- Lender: Man Global Private Markets
- Landlord: Premium Group
- Brokers: Brian Gaswirth & Michael DiCosimo - JLL
- Units: 194
- Square Footage: 160,000
Brian Gaswirth and Michael DiCosimo from JLL facilitated the deal as the brokers representing the involved parties. They played a crucial role in ensuring the successful completion of the transaction.
On the Map
$34,000,000
$212/SF
MultiFamily
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Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93